Monday, 29 August 2016
Last updated 2 days ago
Jun 10 2011 | 12:01pm ET
Hedge funds continued to rake in money from investors, according to hedge fund administrator GlobeOp Financial Services.
The firm's GlobeOp Capital Movement Index has risen 1.36% over the past month, indicating that inflows were larger than redemptions over the period. The index has risen 13.6% over the past 12 months.
"Investors remain committed to hedge funds despite volatility in many markets," GlobeOp CEO Hans Hufschmid explained.
Still, investors are apparently becoming somewhat more wary: Gross inflows were 2.03% during the period, their lowest level in two years. Indeed, the rise in the index over the past month was substantially down from the previous month's 2.29%.